Ted Rogers School of Management and CIBC Mellon Launch Business Innovation Hub

Ted Rogers School of Management (TRSM) and CIBC Mellon are collaborating to launch the Business Innovation Hub (BIH) – and transforming the business education experience for university students.

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Located at CIBC Mellon, the hub will bring together five Ryerson students – from accounting to environmental biology – and five CIBC Mellon employees seconded from their jobs. Over the next four months, the team will bring their talents, experiences and enthusiasm to identify key challenges that the financial institution is facing and come up with out-of-the-box, innovative solutions – as equal partners. Along the way, students and employees will hone critical skills needed to achieve career success including problem solving, presentation and relationship-building. Stuart Baltman, Assistant Vice President, Process Excellence, Operations Management at CIBC Mellon, will mentor the team during the innovative pilot program. These paid positions are a part of the students’ work placements.

“The Business Innovation Hub will give me a unique opportunity to work with my peers from different programs and with talented business professionals in a creative, fun and collaborative work environment,” said Brendan Corney, a third-year environmental biology co-op student selected by a hiring committee comprising TRSM and CIBC Mellon senior staff. “I firmly believe multidisciplinary collaboration will become increasingly important in the future – not just in business, but in all sectors.”

Alice Qiu, a Senior Fund Accountant at CIBC Mellon, was looking to join the Business Innovation Hub with the goal of broadening her knowledge of the asset-servicing business. As a hub member, she’s looking forward to closely collaborating on innovative solutions with the cross-functional team.

“What attracted me to this role is the ability to work with colleagues from across and outside the company, people who I don’t regularly get a chance to connect with,” said Qiu. “Having diverse perspectives is definitely an advantage and I think it can help position us to come up with fresh ideas. I hope to contribute to the company’s success by helping create leading-edge solutions. I am excited about this opportunity and I’m so grateful that CIBC Mellon and Ted Rogers School of Management are investing in our growth and new ideas.”

Richard Anton, Senior Vice President, Chief Operations Officer at CIBC Mellon, played an integral role in championing the idea of bringing young minds together to develop new business solutions at the Canadian financial institution.

“We are discovering ways to innovate in a controlled manner as we seek to further enhance accuracy, operational efficiency and leverage fresh ideas for doing business, in order to unlock great potential and advance our client experience,” said Anton, who is a member of TRSM’s School of Accounting and Finance advisory council board. “I am excited for the launch of the Business Innovation Hub, which brings together a talented and diverse group of employees and students. I am excited to think about our business in new ways.”

“Thanks to the leadership and vision of CIBC Mellon and Senior Vice President Richard Anton, the hub will enable our students to bridge the critical skills gap in today’s work force,” said Steven Murphy, Dean of Ted Rogers School of Management. “This is a game-changing approach to co-op, and I’m proud of the guidance and dedication that Richard and all of our advisory council members – more than 160 strong – demonstrate to our students and alumni.”

The hub will be a part of the university’s zone-learning ecosystem, a unique form of experiential learning at Ryerson. Zone learning enables students to work as part of multi-disciplinary teams to gain first-hand, practical experience to create social change, contribute to a big idea or launch a start-up.

About Ted Rogers School of Management at Ryerson UniversityTed Rogers School of Management at Ryerson University (TRSM) is developing collaborative, creative leaders who will drive 21st century business forward while making a positive impact on society. Home to nearly 10,000 students and more than 250 industry-connected faculty, TRSM is Canada’s leading diverse, entrepreneurial business school centred in an urban learning environment. TRSM offers 12 Bachelor of Commerce degrees, two Bachelor of Health Administration degrees, the Ted Rogers MBA, Professional Master’s Diplomas, Executive Education courses, and a Master of Science in Management. TRSM is also home to 14 innovative research centres, institutes and labs. www.ryerson.ca/tedrogersschool

About CIBC MellonCIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon’s investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services. As at December 31, 2016, CIBC Mellon had more than C$1.7 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at September 30, 2016 had US$30.5 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies.

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Source: Global News

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